Aon plc (NYSE:AON) Shares Bought by Fayez Sarofim & Co

Fayez Sarofim & Co increased its holdings in Aon plc (NYSE:AON – Get Rating) by 14.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,252 shares of the financial services provider’s stock after buying an additional 156 shares during the period. Fayez Sarofim & Co’s holdings in AON were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AON. Panagora Asset Management Inc. boosted its holdings in shares of AON by 34.7% in the 1st quarter. Panagora Asset Management Inc. now owns 5,003 shares of the financial services provider’s stock valued at $1,629,000 after buying an additional 1,289 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of AON by 134.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,633 shares of the financial services provider’s stock valued at $531,000 after buying an additional 937 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of AON by 16.1% in the 1st quarter. Baird Financial Group Inc. now owns 28,451 shares of the financial services provider’s stock valued at $9,264,000 after buying an additional 3,948 shares during the period. Zions Bancorporation N.A. boosted its holdings in shares of AON by 46.0% in the 1st quarter. Zions Bancorporation N.A. now owns 1,276 shares of the financial services provider’s stock valued at $416,000 after buying an additional 402 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in AON by 5.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 4,544 shares of the financial services provider’s stock valued at $1,480,000 after purchasing an additional 226 shares during the last quarter. 86.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AON

In other news, CFO Christa Davies sold 617 shares of AON stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $318.36, for a total value of $196,428.12. Following the transaction, the chief financial officer now directly owns 199,571 shares of the company’s stock, valued at $63,535,423.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Christa Davies sold 617 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $318.36, for a total transaction of $196,428.12. Following the transaction, the chief financial officer now directly owns 199,571 shares of the company’s stock, valued at $63,535,423.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Neller sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $311.59, for a total transaction of $311,590.00. Following the transaction, the insider now directly owns 1,216 shares in the company, valued at $378,893.44. The disclosure for this sale can be found here. Insiders have sold a total of 73,389 shares of company stock valued at $22,664,130 over the last ninety days. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AON shares. BMO Capital Markets started coverage on shares of AON in a research report on Thursday, January 19th. They issued a “market perform” rating and a $310.00 price objective on the stock. TheStreet upgraded shares of AON from a “c+” rating to a “b-” rating in a research report on Friday, December 9th. Citigroup lifted their price objective on shares of AON from $339.00 to $340.00 and gave the company a “neutral” rating in a research report on Wednesday, February 8th. Morgan Stanley lifted their price objective on shares of AON from $250.00 to $255.00 and gave the company an “underweight” rating in a research report on Tuesday, November 22nd. Finally, Roth Capital restated a “buy” rating on shares of AON in a research report on Tuesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $314.80.

AON Stock Down 0.3 %

NYSE AON opened at $292.57 on Wednesday. The company has a debt-to-equity ratio of 12.27, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50 day simple moving average is $311.19 and its 200 day simple moving average is $296.87. Aon plc has a 12 month low of $246.21 and a 12 month high of $341.98. The company has a market capitalization of $60.02 billion, a P/E ratio of 24.14, a PEG ratio of 1.94 and a beta of 0.89.

AON (NYSE:AON – Get Rating) last released its earnings results on Friday, February 3rd. The financial services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.22. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. AON had a net margin of 20.75% and a return on equity of 1,165.31%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.71 EPS. Equities research analysts expect that Aon plc will post 14.53 earnings per share for the current fiscal year.

AON Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 1st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, January 31st. AON’s dividend payout ratio (DPR) is currently 18.48%.

About AON

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Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services.